Stunning Georgian townhouses come to Edinburgh market
13 June 2011
Offers over £3 million are being sought by Ryden for two adjoining townhouses at one of Edinburgh’s most coveted residential addresses, 31 & 32 Moray Place.
The Grade A listed buildings, which were commissioned by the Earl of Moray in 1822 as part of the Moray Estate and designed by James Gillespie Graham, provide a total gross internal area of 1,742 sq m (18,556 sq ft) over five floors.
The townhouses are currently being used as office premises by a firm of solicitors, but are considered most suitable for residential development, subject to receipt of relevant planning consent. As the properties are being sold with a tenant in situ and rental income coming in, the purchaser would be able to take time to work up any proposals for a development.
Moray Place is ideally situated, as it is both within a quiet and peaceful area with no through traffic as well as being very centrally located and within easy walking distance of the retail and leisure attractions of George Street and Princes Street and the trendy cosmopolitan Stockbridge ‘village’.
Internally, both buildings have period staircases and many of the main rooms are preserved in their period condition, with original fireplaces, cornicing and woodwork. Superb views over the Dean Valley to Dean Bridge are available to the rear of the properties and to the front attractive views over Moray Place Gardens.
Charles Guest, partner responsible for the sale, commented: “Numbers 31 & 32 are among the last remaining buildings at Moray Place in commercial use and therefore are ideally suited for conversion to high quality residential. This could either be flats on each level, or alternatively back to its original status of two terraced townhouses.”
He added: “The location is prime. The views are beautiful. The properties are stunning. All together these make it the ideal development opportunity in the heart of Edinburgh for any residential developer or property owner with an eye for the very best.”
Commenting on the townhouse market Mr Guest said: “Over the past few months, Ryden has sold a number of New Town properties for conversion to residential use which shows that there is a solid market for good period properties in the right location.”
Ryden is marketing the townhouses on behalf of a private owner.
